AMD has reported another stellar quarter (Q1 2022), with a year-on-year uplift of 71%, raising its quarterly revenue up to $5.887 billion. In the same period last year, the company recorded a revenue of $3.850 billion. Both the client and data center businesses (+semi-custom) contributed equally to the record quarterly revenue. The former totaled $2.8 billion, thanks to strong sales of Ryzen CPUs/APUs and Radeon GPUs, marking a YoY and QoQ growth of 33% and 8%, respectively.
In the enterprise, embedded, and semi-custom segments, AMD reported revenue of $2.5 billion, an increase of 88% from the previous year and 13% QoQ. Increased Epyc server shipments to hyperscalers and cloud providers, strong sales of Xbox Series X/PS5, and the newly launched Steam Deck were the primary drivers enabling the record growth in this area.
According to company CEO Dr. Lisa Su, Epyc Milan server shipments more than doubled YoY while seeing a double-digit increase compared to the previous quarter for the eighth consecutive time. Meanwhile, the consumer business blossomed with rising sales of Ryzen and Radeon products. Dr. Su stated that the client compute revenue grew by double-digit percentages, driven by sales of Ryzen mobile processors and high-end Ryzen 7/9 SKUs. Overall, the chipmaker gained processor revenue share for the eighth consecutive quarter. Keep in mind that this includes the combined sales of the Ryzen and Radeon products.
Having a look at the Steam hardware statistics indicates intense competition in the CPU market between rivals Intel and AMD. At the moment, Team Red controls over 31.5% of the market which is a six-month high. The two vendors have been trading blows back and forth ever since Intel launched its 12th Gen lineup, and I wouldn’t be surprised if this month’s gain is undone the next.
Radeon team also had a good run this quarter. According to AMD’s official figures, revenue grew by strong double-digit figures YoY, with record desktop RX 6000 GPU shipments. In fact, desktop graphics card sales doubled YoY. Laptop GPU sales are slated to improve in the coming months as adoption grows with time.
Steam’s dGPU market saw the Radeon RX 6000 GPUs join the fastest growing GPU list for the first time. The Radeon RX 6600 XT was the third most bought graphics card among Steam users in April, followed by the RX 6600 at #6, and the top-end RX 6900 XT at #7. NVIDIA’s RTX 3060 mobility and the GTX 1650 continued to hold the top-two positions, with the RTX 3050 mobility coming in at #4.
Overall, AMD has managed to deliver greater than 45% year-over-year revenue growth for seven straight quarters and increased net income by more than 60% year-over-year for the last ten quarters. You can read more about the present CPU market trends in this post.